Whales Dump 40 Million XRP; Price Holds Above $3 Support

Large investors sold approximately 40 million XRP in the past 24 hours, valued at over $120 million. Despite this selling pressure, XRP maintained its position above the $3 support level and even managed a mild rally.

XRP Whale Selling Meets Market Strength

The price of XRP rose to $3.04, marking an increase of 0.83% for the day and 7.63% over the past week.
XRP's market value surpassed $181.37 billion, reinforcing its status as the third-largest digital asset.
The resilience against large-scale selling suggests growing demand and market stability.
XRP reserves have hit a seven-month high.

Focus Turns to Next Move and SEC Delay

Analysts predict potential upward movement towards $4-$5 if momentum continues.
The U.S. SEC has delayed a decision on a proposed XRP ETF, with possible approval anticipated by September or October.
The market remains watchful to see if XRP can maintain the $3 level as a firm base.

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